If you are preparing for an accounting aptitude test or even a job interview, these accounting questions and answers will help you master the principles of accounting. This test covers accounting past questions from WAEC, JAMB, Post UTME exams and many more.
A credit purchase of N200 from P. Osae was posted to the account of P. Osei. This is an error of
Principle
Commission
Omission
Original entry
Correct answer is B
No explanation has been provided for this answer.
A suspense account is used in the
Prevention of errors
Correction of errors
Detection of errors
Creation of errors
Correct answer is B
No explanation has been provided for this answer.
If a petty cashier has a cash float of Le 39,000 and Le 37,500 is spent, he will be reimbursed with
Le 40,500
Le 39,000
Le 37,500
Le 1,500
Correct answer is C
No explanation has been provided for this answer.
Which of the following items will not be entered in the adjusted cash book?
Dishonoured cheques
Direct payments to bank
Uncredited cheques
Standing order payments
Correct answer is C
No explanation has been provided for this answer.
Bank reconciliation statement
Bank statement
Credit transfer
Banker's advice
Correct answer is B
No explanation has been provided for this answer.